Shan Zhiguang: Blockchain service network will promote smart city construction and digital economy development

According to People's Daily News, on October 15, the Blockchain Service Network (BSN) was officially released in Beijing. Shan Zhiguang, director of the Information and Industry Development Department of the National Information Center, said in an interview that the blockchain service network is a licensing chain that uses a distributed bookkeeping technology. The blockchain service network is not completely decentralized and belongs to a controllable service mechanism. Such a credible resource platform is needed for data going out of the “Belt and Road” or for foreign data to be able to be stored in Chinese facilities. The blockchain service network will become the only global infrastructure network that is independently innovated by China and controlled by China.